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Treehouse Buying $100M in MedMen Real Estate

Culver City, CA-based MedMen Enterprises Inc. plans to sell $100 million in real estate to Treehouse Real Estate Investment Trust. The newly-formed cannabis REIT vehicle hopes to capitalize on the fast-growing cannabis industry in the U.S., initially via sale-leaseback transactions with MedMen.

Treehouse completed its first round of capital raise at $133 million, and will partially use the funds to purchase properties from MedMen. That may include retail stores, as well as cultivation and production facilities.

MedMen intends to use the proceeds from the prospective transactions to assist in funding the buildout of its national footprint, that includes 76 retail licenses and 16 cultivation and manufacturing licenses in 12 states.

Treehouse has a management contract with MedMen to oversee day-to-day operations until Treehouse goes public, when management will be internalized. Treehouse is a collaboration between MedMen and Stable Road Capital, a Venice, CA-based investment firm.

You can hear more about the trends shaping the retail industry at Connect Retail West coming up on Jan. 22nd at The Resort at Pelican Hill. Here’s where to get more information and register to join us.


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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